Equinor and Sonatrach sign MoU for oil and gas exploration and production

It also includes co-operation within greenhouse gas emissions and carbon management as well as industrial safety management

British Embassy in Algiers seeks bids for climate fund

It intends to support activities in Algeria that focus on raising public awareness about climate change as well as solutions for a green recovery post COVID-19

EU gives €10m for Algerian renewables and efficiency

The EU is to provide €10 million (£8.77m) to support renewable generation and energy efficiency in Algeria. The funding comes as part of a €40 million (£35.08m) package which will also support public finances reform and facilitate trade. The deal was signed yesterday as Algeria became the first country in North Africa to adopt Partnership Priorities with the EU to increase future co-operation on areas […]

Oil prices up as OPEC agrees production cut

The Organisation of the Petroleum Exporting Countries (OPEC) has agreed to cut crude output for the first time in eight years. Following the announcement, the price of Brent oil has risen by almost 6% to nearly $49/bbl (£37.2/bbl). Major oil producers struck the deal during a meeting in Algeria yesterday, agreeing to reduce production by […]

BP, Statoil withdraw staff from attacked Algerian gas plant

BP and Statoil have pulled staff from their gas plants in Algeria following an attack. The UK and Norwegian energy giants made the decision after the In Salah Gas plant was hit by a rocket on Friday. Statoil said the attack was carried out by the use of a vehicle and a mobile weapon firing […]

BP announces start-up of gas fields in Algeria

BP has announced the start-up of a gas project in Algeria. In Salah Gas is a joint venture between the oil giant which has a 33.15% stake and Sonatrach and Statoil which own 35% and 31.85% respectively. Their Southern Fields project is the latest stage in the development of seven gas fields in central Algeria. It […]

New gas discovery in Algeria

A new natural gas discovery has been made in south-east Algeria. A test in the TESO-2 well in the Ordovician reservoir showed a gas flow of 175,000 cubic meters a day, energy company GDF SUEZ said. The well was drilled 1,307 meters deep in the Illizi basin. The size of the discovery will be looked into […]

Egypt lines up gas cargoes from Algeria

Algeria could send six shipments of gas to Egypt next summer, according to Egypt’s Petroleum Ministry website. Egyptian oil minister Sherif Ismail is meeting Algerian Minister of Energy Dr Youcef Yousfi, the former Algerian Prime Minister, in Algiers to discuss a contract for 850,000 cubic meters of liquefied natural gas (LNG), said a statement on the ministry site yesterday. Due to be delivered […]

Africa’s green economy “already underway” says UN man

The move towards a green economy is “already underway” across Africa but it needs to be spurred on by public spending and policy change, the Executive Director of the UN’s Environment Programme said over the weekend. In a speech at the African Ministerial Conference in Algeria on Saturday, Achim Steiner said a green economy can […]

Algeria wants to double its gas output

Algeria is reportedly planning to double its production of gas within a decade. The country produces 1.2 million barrels per day now. Energy Minister Youcef Yousfi told a state radio station last week a new bidding round for oil and gas licences will open in the “coming weeks”, reported Reuters. He said the OPEC nation […]